“This is to preserve and protect the franchise of fossil fuels into the 2040s, 2050s and beyond. If you think about how the world will continue to need oil, the right to operate, the license to operate, is going to require some kind of an accommodation, and what are we doing to get rid of fugitive emissions.”
“I do think they would do more harm to themselves by going negative, and really withdrawing oil from production, because it would hurt them in the long term,” John Hofmeister says.
“If for some reason that oil weapon becomes a Saudi response, and they may get other friends to join them in responding with an oil effect, the whole world economy could be shaken by a shortage of oil.”
“With common-sense public policies in place, American drivers will be able to save money by having options for both oil and natural gas, as well as biofuel and electricity, to power their vehicles. The result? True and lasting energy independence.”
While allowing year-round E15 opens the door to using more alcohol fuels, it doesn’t create the market competition that’s needed to achieve energy independence.
Former Shell Oil President John Hofmeister said on “Cavuto Coast to Coast” that “the volatility overall is going to be worrisome, particularly as global demand continues to grow.”
Even if we didn’t import one barrel of oil, we’d still be held hostage to the tyranny of the price, which to a large extent is set by OPEC.
The Fuel Freedom adviser said the U.S. should brace itself against expected higher prices at the pump by using more resources for fuel we have at home. “Why should we have to worry about international oil when we have so much domestic energy in our own country?”
Fuel Freedom co-founder and chairman Yossie Hollander and board of directors member John Hofmeister appeared on Sean Hannity’s radio show on Wednesday, April 18, to promote domestically produced natural gas as a way to reduce our dependence on foreign oil.
Former Shell Oil President John Hofmeister said that, though it’s been weeks since Hurricane Harvey hit the Gulf Coast, “we’re not back up and running yet at full strength in the refinery system, and until that happens, I think we’re going to see upward pressure” on prices.
Our Mission: Fuel Freedom Foundation is working to reduce the cost of driving your existing car or truck by opening the market to cheaper, cleaner, American-made fuel choices at the pump.